Yuan nears 7 as US–China thaw lifts sentiment, but PBOC slows pace of appreciation
The yuan is edging toward the closely watched 7-per-dollar level, lifted by improving US–China relations and a softer dollar, though the speed of its rise suggests Beijing is carefully managing the appreciation. Info via a (gated) Bloomberg report. In brief. China’s onshore yuan strengthened to around 7.06 on Wednesday, its firmest level in more than

















